SEOUL, Nov. 7 (Korea Bizwire) — Major telecom operator KT Corp. and leading shipbuilding conglomerate Hyundai Heavy Industries Group said Thursday they will step up collaboration to develop advanced smart factory solutions based on the 5G network to improve efficiency and safety. In May, the two companies signed a memorandum of understanding to join forces [...]
SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Wednesday it will invest in three hydrogen companies in its latest move to boost competitiveness in hydrogen fuel-cell electric vehicles. The three companies are Sweden’s Impact Coatings AB, Israel’s H2Pro and Switzerland’s GRZ Technologies. Hyundai Motor expects its partnerships [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korean electronics maker LG Electronics Inc. and U.S. chipmaker Qualcomm Inc. will join hands to develop an in-vehicle infotainment platform for connected cars, the companies said Wednesday. LG Electronics and Qualcomm have signed a strategic partnership to develop the automotive platform, which combines entertainment and information delivery for [...]
SEOUL, Oct. 29 (Korea Bizwire) — Hyundai Card, a leading credit card issuer in South Korea, has agreed to launch a joint venture in Vietnam in its first direct overseas investment, the company said Tuesday. The company has signed an agreement to purchase a 50 percent stake in Vietnam’s Finance Company Limited for Community (FCCOM) [...]
SEOUL, Oct. 29 (Korea Bizwire) — Kia Motors Corp. and GS Caltex Corp. said Tuesday they have joined hands to offer better electric vehicle (EV) charging services. Under a bilateral memorandum of understanding, Kia and GS Caltex will collaborate on developing EV charging technologies and services. Kia, South Korea’s No. 2 carmaker and part of [...]
SEOUL, Oct. 28 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Monday that it has agreed to a share swap deal with the country’s largest messenger operator, Kakao Corp., in a move to strengthen their competitiveness. Under the agreement, SK Telecom and Kakao will exchange about 300 billion won (US$258 million) [...]
SEOUL, Oct. 10 (Korea Bizwire) — Hyundai CRADLE said Thursday that it has partnered with U.S. fleet safety management software company Netradyne to gain access to the firm’s more than 350 million miles of detailed road data. Hyundai CRADLE, Hyundai Motor Co.’s wholly owned corporate venturing and open innovation business, expects its investment in Netradyne [...]
SEOUL, Sept. 27 (Korea Bizwire) – SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, will establish a joint venture to produce EV batteries in China, industry sources said Friday. According to the sources, Chinese battery firm EVE Energy Co. has approved a plan to set up the EV battery joint [...]
SEOUL, Sept. 27 (Korea Bizwire) – Hyundai Motor Co. said Friday it will partner with American engine-maker Cummins Inc. to supply hydrogen fuel-cell powertrains to U.S. commercial vehicle companies. The two recently signed an initial pact in California to jointly develop and commercialize electric and fuel-cell powertrains combining Hyundai’s fuel-cell systems and Cummins’ electric powertrain, [...]
SEOUL, Sept. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Thursday it has joined forces with South Korea’s top shipping firm Hyundai Merchant Marine Co. to develop smart ship technologies. The two sides will collaborate in developing various technologies used for smart ships, such as real-time monitoring and automation systems, according to [...]